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Regulating Networks in the New Economy

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  • Jean-Michel Glachant

Abstract

The regulation of network industries has undergone profound transformation in the past twenty years. The regulated industry is no longer the same, being exposed to new competitive dynamics having revolutionized their industrial framework, technology and interactions with users. There also have been fundamental changes in what regulation is feasible. In an “information society” a model devised in the 19th century to set prices for monopoly infrastructures such as bridges, roads and railways no longer captures the essential: the interactive dynamics created by technologies, uses, and markets.

Suggested Citation

  • Jean-Michel Glachant, 2009. "Regulating Networks in the New Economy," RSCAS Working Papers 2009/05, European University Institute.
    • Handle: RePEc:rsc:rsceui:2009/05
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    File URL: http://hdl.handle.net/1814/10622
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    Cited by:

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    4. Meeus, Leonardo & Saguan, Marcelo, 2011. "Innovating grid regulation to regulate grid innovation: From the Orkney Isles to Kriegers Flak via Italy," Renewable Energy, Elsevier, vol. 36(6), pages 1761-1765.

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    More about this item

    Keywords

    Regulatory economics; network industries; utilities regulation; information society;
    All these keywords.

    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • L97 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Utilities: General

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